How competitive is the Phoenix housing market?

Phoenix is moderately competitive as of May 2026, with a Sold Score of 42/100 (Fair Chance of Selling). **Pending ratio** is 0.41 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -4.1% — fewer choices for buyers than a year ago. **Median days on market** is 60. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 50.8% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (May 2026): Sold Score: 42/100 (Fair Chance of Selling) · Pending ratio: 0.41 · Inventory YoY: -4.1% · Median days on market: 60 · Sellers cutting price: 50.8% · Median listing price: $489,500 (-5.9% YoY)